Update – Turning Point Getting Smoked?

What bull George Baxter has to say about the tumble in its shares.

▶ Well, isn’t this awkward?

When I interviewed George Baxter about Turning Point Brands $TPB early last week for a video that dropped over the weekend, Turning Point’s shares were still hovering just below their highs.

Then, between Friday and today’s lows, the stock tumbled nearly 18% while seemingly everything else got swept up in the latest episode of Stocks Gone Wild. From its recent high of $104, it’s down roughly 17%.

Even though shares are up 116% over the past year, the obvious question of whether George, of Sabrepoint Capital – who has called Turning Point his best long ever – is worried. His answer... no.

The reason, in his words...